Pension Index
 

March 19, 2014  The Healthcare of Ontario Pension Plan (HOOPP) debuted their white paper “Retirement Income Crisis: Inevitable or Avoidable” on March 17, 2014.  more...

March 12, 2014  Follow @HOOPPDB on Twitter. HOOPP is planning information sessions all over the province.   more...

January 9, 2014  On November 29, 2013 final regulations were released by the Government of Ontario for those who have two different pensions due to divestment.   more...

January 2, 2014 If you applied for and were deemed as an eligible class member, you may have received your settlement cheque recently  more...

October 31, 2013 An important new study outlines the economic impact of Canada’s Defined Benefit pension funds. Pensions sustain retirees, lift seniors out of poverty, and significantly contribute to the local economy of communities.  more...

October 9, 2013  If so you might be missing out on one of the most important benefits your employer provides. more...

July 8, 2013 Last month results were released showing the impact the ten largest pension plans in the country, including three that OPSEU sponsors, have on the Canadian economy. more....

June 10, 2013 Effective January 1, 2014, the CAAT Pension Plan is eliminating the existing waiting period of 24 months of continuous employment for part-time employees.   more..

March 25, 2013 HOOPP releases their 2012 Annual Report Thoughtful Change more....

January 18, 2013 Members (past and present) who worked for a municipal or other home care provider that subsequently became CCAC’s may be eligible for a lump sum payment. Please read further if you think you may be affected.  more...

December 5, 2012 We are happy to report the settlement for the CCAC Pension Class Action Lawsuit has been approved  more...

November 23, 2012 A hearing is scheduled on November 28, 2012 at the Ontario Superior Court of Justice in regards to the McSheffrey class action lawsuit.  more...

August 31, 2012 News, facts, and action to keep retirement savings out of the hands of McGuinty Liberals. http://www.amatteroftrust.org/

Pensions in Perspective newsletter

July 3, 2012   Pensions in Perspective is a newsletter that promotes innovative ideas about how to provide for adequate retirement income for Canadians, including defending defined benefit pension plans.  The current issue interviews Leo Kolivakis, an activist who fends off attacks on the defined benefit pension model.  In the article he talks about right wing attacks on public sector pensions and how we can change societal ideas by having a conversation about defined benefit pensions for all rather than taking away pension from public sector workers.  Visit the Healthcare of Ontario Pension Plan website to read the current issue of the Pensions in Perspective newsletter. more…

May 25, 2012 Members (past and present) who worked for municipal or other home care provider that subsequently became CCAC’s may be eligible for a lump sum payment under a proposed settlement (if approved by the court) to the class action lawsuit filed by OPSEU. Please read further if you think you may qualify. more…

December 22, 2011 TOPPSfund continues to be tabled at BPS bargaining tables across the province and has had some success this year that we are excited to tell you about! more...

October 3, 2011 The Pension Liaison Committee invites all OPSEU members in the Healthcare of Ontario Pension Plan (HOOPP) to apply for the position of Union Trustee by October 28. more...

September 8, 2011 The Canadian Labour Congress campaign for an improved Canada Pension Plan has issued a detailed print resource called “How it works for Ontario”. Download the pdf and join the campaign today. more...

March 10, 2011 For the past year, the Funding Task Force (composed of OPSEU and College representatives) has carried out research and investigations into funding alternatives to address pension plan funding deficits expected in the actuarial valuation as of January 1, 2011. more...

January 7, 2011 OPSEU has submitted a response to the Ministry of Finance regarding retirement security and, in particular, consideration of the Canada Pension Plan (CPP) and pension innovation to extend effective pension coverage to all Canadians.  more...

Dec 22, 2010 “…increased RRSP contributions will make the financial institutions better off, while an increase in CPP contributions will make Canadian pensioners better off,” writes Douglas Peters. more...

July 7, 2010 The Sponsors Corporation of the Ontario Municipal Employees Retirement System (OMERS) has approved temporary changes to support the funded status of the OMERS Primary Plan.. more...

April 7, 2010 The "H" in HOOPP is changing to Healthcare, and the full name is now the Healthcare of Ontario Pension Plan.  more...

April 1, 2010 Patty Rout, First Vice-President / Treasurer delivers message today at the Ontario Legislature on Bill 236, An Act to amend the Pensions Benefit Act.  more...

Government of Ontario approves changes OPTrust buyback rules

January 26, 2010 Changes to pension buyback rules create a new “open option” for eligible members to buy back credit after the plan’s normal 24-month application deadline has expired. more…

The first step in pension reform

Bill 236 is a cautious first phase of amendments to the Pension Benefits Act. Second reading of the bill should occur in February 2010 but is unscheduled as yet. Another bill is planned for 2010 and Premier McGuinty has also called for a national pension summit in 2010 to encourage a pan-Canadian discussion on retirement income; this call has been endorsed by all other Premiers.   Bill 236
 

The OPSEU Pension Plan System

September 25, 2009 TOPPSfund is a brand-new pension plan for OPSEU members working in the Broader Public Sector. TOPPSfund is a target benefit plan which is available to provide pensions for BPS members without pension coverage. more…

OPSEU defends defined benefit pensions.

March 18, 2009  Patty Rout, Vice President/Treasurer appears at federal hearing with NUPGE and the CLC to defend defined benefit pensions more...

OPSEU's response to the recommendations of the Ontario Expert Commission on Pensions

February 27, 2009 This week, OPSEU has responded to the recommendations of the Ontario Expert Commission on Pensions. In the brief, OPSEU calls for universal pension coverage for all workers under a new, non-profit, public Ontario Pension Agency. more...

"A Fine Balance: Safe Pensions, Affordable Plans, Fair Rules"

November 21, 2008 The Ontario government has released the final report of the Ontario Expert Commission on Pensions, after two years of consultations with stakeholders in the pension community, including OPSEU. This report was prepared by Professor Harry Arthurs and an expert panel including Murray Gold of Koskie Minsky and Bob Baldwin of the Canadian Labour Congress. OPSEU is reviewing the report, titled "A Fine Balance: Safe Pensions, Affordable Plans, Fair Rules" and will make written submissions to the government in the new year. http://www.pensionreview.on.ca/english/report/summary.html

OMERS

Contribution decrease for OPSEU members in the plan

August 18, 2008 As of January 1, 2009, contribution rates for the majority of OMERS plan members will decrease. Download PDF for more details.

OPTrust

March 25, 2008  OPSEU is looking for a Union Trustee for the OPT more...

October 30, 2007 The Expert Commission commission is reviewing the Benefit Act, which regulates about 7,500 pension plans in Ontario.   Former York University President Harry Arthurs was appointed commissioner.  (More info available at http://www.pensionreview.on.ca/english/ )  

To view the OPSEU submissionclick here

OPSEU Policy Statement

Section 21 - Pensions, of the OPSEU Policy Manual (revised)

 

OPSEU Joint Trusteed Benefit Fund

The OPSEU Joint Trusteed Benefit Fund was launched on July 1st, 1996.  Employers who have an OPSEU collective agreement will now be able to obtain all their group life and health insurance from the Trust Fund, not only for their OPSEU Bargaining Unit, but for their entire organization. more...

September 14, 2001 OPSEU submission to government on surplus distribution for defined-benefit pension plans This submission is an initial response to the Ministry consultation paper, Surplus Distribution from Defined Benefit Plans. OPSEU urges the Government to reconsider its proposed changes to the Pensions Benefit Act and pension regulations. .pdf file 132.35KB 

Pension trustees: OPSEU invites your interest

OPSEU has representatives on the boards of trustees for both the OPSEU Pension Trust (OPT) and the Hospitals of Ontario Pension Plan (HOOPP).

From time to time, vacancies arise. If you would like to be a trustee of your pension plan, find out what’s involved. more...

Become an OPSEU pension trustee

August 23, 2007 The deadline is Sept. 5 for becoming an OPSEU pension trustee.  More...

Links

OPSEU Pension Trust
www.optrust.com  

CAAT Pension Plan
www.caatpension.on.ca

OMERS
http://www.omers.com

Hospital of Ontario Pension Plan
http://www.hoopp.com


HOOPP



OPTrust


TOPPS fund
 

 


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